Schroders has made four hires to its fixed income team as part of a plan to build a convertible bond franchise.
The group has hired Peter Reinmuth from Fisch Asset Management along with a product specialist and a trader. The trio have run the Schroder ISF Global Convertible Bond and Asian Convertible Bond funds from Fisch’s base in Switzerland since 2009.
Schroders has also brought in Damien Vermonet from Acropole Asset Management as a convertible bond fund manager to work with Mr Reinmuth.
The two funds are part of Schroders’ Luxembourg-based fund range and are available to UK investors.
The group said the new team would launch with $2.1bn (£1.3bn) in assets under management.